Can India sustain the demonetization blow? This has been the hot topic for  countrymen for some days now. The Govt has been coming up with directives, clarifications, relief measures in order to ease the difficulties of the common people. It becomes difficult to keep track of all of these at times. Hence, here are the 5 most important updates in this space right now for easy reference:

1. The biggest update of the moment is that the limit for exchange of notes at banks has been reduced from Rs. 4,500 to Rs. 2,000 for each person with effect from Friday. 

2. Exception has been given to families with upcoming weddings. Such families can withdraw Rs. 2.5 lakh based on self-declaration. This amount can be withdrawn at one go. 

3. Exemption has also be provided to farmers. Farmers can now withdraw up to Rs. 25,000 a week against loans sanctioned to them to buy seeds and fertilizers and credited to their accounts. Rs. 25,000 a week can be drawn from payment that farmers receive for agricultural produce in form of cheques. The time limit for the payment of insurance premium on crop loan has been extended by 15 days.

4. Traders in vegetable wholesale markets can withdraw Rs. 50,000 a week to pay for expenses like wages.

5. The Govt is also doing it’s own share. National Highways will not collect toll tax till November 24 midnight.

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